ibusinesslines.com
ibusinesslines.com December 18, 2017


The most expensive painting Da Vinci will appear in UAE

07 December 2017, 01:21 | Myron Mathis

$450m 'Da Vinci painting' heads to Louvre Abu Dhabi

Saudi prince is buyer of world's dearest painting, Leonardo's Salvator Mundi

Christie's today let the cat out of the bag and said the artwork would be going to the museum, they, however, declined to say whether the Louvre Abu Dhabi purchased the painting.

2011, saw the dramatic public unveiling of Salvator Mundi ('Savior of the World') in the exhibition Leonardo da Vinci: Painter at the Court of Milan, at The National Gallery, London.

Dating back to approximately 1500, "Salvator Mundi" smashed auction records when it went under the hammer at Christie's NY last month.

Before the auction, Christie's valued it at $100 million US.

Interchange by Willem de Kooning-which changed hands privately in 2015-had also previously held the title of the painting with the highest known sale price, at US$300 million.

He described the artwork as, "The Holy Grail of old master paintings".


Through its collaboration with the Louvre in Paris and other French museums, the new gallery, the largest art museum in the Arabian peninsula, displays works by Vincent Van Gogh, Henri Matisse, Claude Monet, contemporary Chinese artist Ai Wei Wei and Leonardo's La Belle Ferronniere.

The New York Times reports the mystery buyer was a little-known Saudi prince according to documents it reviewed.

Christie's sold it to an anonymous buyer last month, and said it did not comment on the identities of buyers or sellers without their permission. Salvator Mundi is next recorded in a 1763 sale by Charles Herbert Sheffield, the illegitimate son of the Duke of Buckingham, who put it into auction following the sale of what is now Buckingham Palace to the king. By this time, its authorship by Leonardo, origins and illustrious royal history had been forgotten, and Christ's face and hair were overpainted.

It was badly damaged and partly painted-over. By then the painting was generally reckoned to be the work of a follower of Leonardo and not the work of Leonardo himself. It was restored and authenticated, before being sold to its most recent owner, Russian businessman Dmitry Rybolovlev, for $127.5 million. French newspaper Le Journal du Dimanche earlier reported that two investment firms had purchased the painting in the hope of lending it to museums.

Da Vinci was born in the Republic of Florence, in present-day Italy, in 1452 and died in France in 1519.

The work was exhibited in Hong Kong, San Francisco, London and NY before the sale.



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